India's JSW Steel examining bid for Sanjeev Gupta's British business: Report

  • Thursday, May 27, 2021
  • Source:ferro-alloys.com

  • Keywords:steel,bid,Britain
[Fellow] India's largest steel producer, JSW Steel NSE 0.07%, is considering a bid to buy Liberty Steel in Britain.

[Ferro-Alloys.com India's largest steel producer, JSW Steel NSE 0.07%, is considering a bid to buy LIberty Steel in Britain as well as mills elsewhere, two people familiar with the matter told Reuters, as would-be buyers circle Sanjeev Gupta's global commodities empire.   JSW's interest, which extends to plants including Gupta's Adhunik steel mill in eastern India, could mark yet another chapter for Britain's steel industry, which has been privatised and sold to overseas buyers as its pre-eminence slid in lock-step with the country's manufacturing might.   A sale would also chip away at Gupta's sprawling network of businesses, comprising hundreds of privately-held companies with interests spanning steel, aluminium, mining, financial services and real estate, built up over years of acquisitions. 

source:The Economic Times

  • [Editor:李慧]

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